Bank Kerjasama Rakyat Malaysia Bhd. appointed Zulkiflee Abbas Abdul Hamid as president and managing director, effective April 3, BERNAMA reported the same day.

He replaces Mustafha Abd Razak.

Zulkiflee previously was director on the board of Maybank Islamic Bhd.

Meanwhile, chief retail banking officer, Mohd Shahril Isa, said that the bank signed a memorandum of understanding with Bank Rakyat Indonesia to expand the lender's remittance service market in Indonesia.